UEFA has doubled its prize fund for the 2022 Women's European Championship to €16million with increased guaranteed payments for the 16 qualified teams.

European soccer's governing body said in a statement on Thursday that it had also approved the introduction of a programme which will see teams that release players for the Euros rewarded with payouts from a €4.5m fund.

The decisions were announced following a UEFA executive committee meeting in Chisinau, Moldova on Wednesday and the continental governing body added that details of its financial distribution scheme would be made available soon.

The women's tournament, originally scheduled for this year but postponed by 12 months because of the Covid-19 pandemic, is set to take place in England from 6-31 July 2022.

UEFA also approved changes to its solidarity payment model for men's teams not participating in club competitions in the 2021-24 cycle, with full details to be announced soon.

It added that there would be increased shares for all associations outside the top five - England, Spain, Germany, Italy and France.

The move comes after UEFA had to fend off an attempt by 12 top European clubs earlier this year to form a breakaway European Super League.

Nine clubs - Manchester United, Liverpool, Manchester City, Chelsea, Tottenham Hotspur, Arsenal, AC Milan, Inter Milan and Atletico Madrid - backed out and reached a deal with UEFA.

Changes were made to UEFA's flagship Champions League competition with the approval of a new format from 2024-25 with 36 clubs and teams set to play four more matches.

UEFA said its latest decision reaffirmed its strong financial commitment to the whole of European soccer.

It said the 4% solidarity for non-participating clubs - €140million based on projected revenue of €3.5billion - will be boosted by 30% of revenue generated by club competitions above €3.5billion euros up to a maximum of €35million.

"As a consequence, a total of €175million is expected to be available from competition revenue for non-participating clubs, compared to €130million in the 2018-21 cycle," UEFA added in Thursday's statement.

"And the share reserved for the non-top five associations will increase to €132.5million (around €50million more than with the previous scheme, representing a more than 60% increase."